831 W 50th
Property Description
Exceptional investment opportunity in Los Angeles! Built in 2016, this well-maintained duplex features two spacious residences, each offering 5 bedrooms, 3 bathrooms, and approximately 1,800 square feet of living space, for a combined 3,600 square feet. Situated on an approximately 5,199-square-foot lot, the property offers a desirable combination of modern construction, generous floor plans, and strong in-place rental income. Each residence features its own in-unit washer and dryer, separately metered electricity and water, and convenient garage parking. The property includes one two-car garage and one single-car garage, along with gated access for added privacy. Ownership has invested approximately $33,530 in improvements, including interior and exterior painting, carpeting, and the installation of a second water meter. Currently generating $8,140 per month in combined rental income ($97,680 annually), the property offers attractive cash flow with additional rental upside. At the asking price of $1,195,000, the property reflects an approximately 7.08% capitalization rate based on seller-reported operating expenses, or approximately 6.62% using buyer-adjusted property taxes. With its 2016 construction, substantial bedroom count, separately metered utilities, and established income stream, this is an opportunity to acquire a newer multifamily asset in Los Angeles. Buyer to verify all property details, financial information, and applicable rental regulations.
Broker Details
Balboa Real Estate (949) 247-8811
MLS ID: OCCORSCOL State License Number: 02011047
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,195,000 |
| No. of Units: | 2 |
| Year Built: | 2016 |
| Opportunity Zone: | No |
| Price per unit: | $597,500 |
| Number of Bedrooms: | 10 |
| Number of Bathrooms: | 6 |
ID: 3yd-MRMLSCA-OC26221761
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